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Article: GUEST WORDS: BABs Help Catalyze Market While Boosting Issuers, Jobs.(Commentary)
- Article from:
- The Bond Buyer
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mike Nicholas
The Build America Bond program was launched by the U.S. government last winter as one way to help cash-strapped cities and towns move forward with vital infrastructure projects while at the same time putting Americans back to work. By any measure, the program has achieved these goals and more.
According to The Bond Buyer, municipal governments have issued more than $47 billion of BABs since the program was launched. It may be overstating the case to say the program re-ignited the municipal bond market this year, but it was clearly a catalyst, creating significant additional liquidity by attracting billions of dollars from new ...